Sanofi, CD&R in exclusive talks over sale of USD17 billion Opella
Sanofi said its Opella business has been valued at around 16 billion euros (USD17.38 billion), or 14 times EBITDA in 2024;
Written By : Farhat Nasim
Published On 2024-10-22 04:30 GMT | Update On 2024-10-22 04:30 GMT
Advertisement
Paris: Sanofi said on Monday it had entered exclusive talks for the sale of a 50% controlling stake in its consumer health business Opella to U.S. private equity firm Clayton Dubilier & Rice (CD&R).
The French pharmaceutical company said its Opella business has been valued at around 16 billion euros ($17.38 billion), or 14 times EBITDA in 2024, and French public investment bank Bpifrance is expected to take a stake of around 2%.
French government sources had said late on Sunday that Sanofi had reached an agreement on terms of the deal after providing Paris with guarantees on maintaining jobs and production in France.
News of the sale last week had triggered criticism from government opponents over the potential loss of a strategic asset, prompting rival bidder PAI Partners to make a renewed offer for the business.
The proposed transaction, still subject to definitive agreements and customary statutory approvals, is expected to close in the second quarter of 2025 at the earliest, said Sanofi.
Sanofi has said it would use proceeds from the sale of Opella to provide more resources for the costly development of novel immunology and inflammation drugs.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.